Participant Name, Address & DP ID
(Pre-printed)
ANNEXURE J
APPLICATION FOR OPENING AN ACCOUNT
(For Individuals Only)
Client –ID
(To be filled by Participant)
I/We request you to open a depository account in my/our name as per the following details:
(Please fill all the details in CAPITAL LETTERS only)
Date :
Type of Account
Ordinary Resident
HUF
NRI-Repatriable
NRI-Non-Repatriable
Margin
Others (please specify)
Promoter
Sole/First Holder’s Details
Name (Mr./Ms.)
Name of
Father/Husband
Local / Permanent
Address
Pin Code
Correspondence
Address
Telephone No.
Fax Number
Occupation
Mobile No.
E-mail ID:
Pin Code
SMS Facility
Yes
No
Pin Code
SMS Facility
Yes
No
Pin Code
SMS Facility
Yes
No
Other Holder Details
Second Holder
Name (Mr./Ms.)
Name of
Father/Husband
Address
Telephone No.
Fax Number
Occupation
Mobile No.
E-mail ID:
Third Holder
Name (Mr./Ms.)
Name of
Father/Husband
Address
Telephone No.
Fax Number
Occupation
Address for communication /
Corporate Benefits (Default
option is Local Address)
Mobile No.
E-mail ID:
Local / Permanent Address
Correspondence Address / Foreign Address
Guardian Details (In case the Sole Holder is a minor)
Name (Mr./Ms.)
Relationship (if any)
Address
Pin Code
Date of Birth
(of minor)
D
D
M
M
Y
Y
Y
Y
In Case of NRIs
Foreign Address
RBI Approval Date
RBI Reference No.
Bank Details
Bank Sub-type
Saving Account
D
D
M
M
Y
Y
Y
Y
Current Account
Bank Acoount No.
Bank Name
Branch Address
Pin Code
9-Digit Code Number of the Bank and branch appearing
on the MICR cheque issued by the Bank
Financial Details
Sole/First Holder
P.A.N
IT Circle / Ward / District No.
Second Holder
Third Holder
Gaurdian (in case
of Minor)
Additional Financial Details
Financial Status (Annual Income)
< Rs.5 Lakh
Rs.5 – 10 Lakh
Rs.10 – 15 Lakh
> Rs.15 Lakh
Nature of Business
Standing Instructions
I/We authorise you to receive credits automatically into my/our account.
Yes
No
Account to be operated through Power of Attorney (PoA)
Yes
No
Please attach recent passport size photographs in the space provided below:
Sole/First Holder
Second Holder
Third Holder
Signature
across
Photograph
Signature
across
Photograph
Signature
across
Photograph
Declaration
The rules and regulations of the Depository and Depository Participants pertaining to an account which are in
force now have been read by me/us and I/we have understood the same and I/we agree to abide by and to be
bound by the rules as are in force from time to time for such accounts. I/We also declare that the particulars
given by me/us are true to the best of my/our knowledge as on the date of making such application. I/We
further agree that any false / misleading information given by me or suppression of any material fact will
render my account liable for termination and further action.
Signature(s)
Name(s) of holder(s)
Sole/First Holder
(Mr./Ms.)
Second Holder
(Mr./Ms.)
Third Holder
(Mr./Ms.)
Guardian (in case
of minor)
(Mr./Ms.)
NOMINATION
I/We wish to make a nomination and do hereby nominate the following person in whom all rights and / or
amount payable in respect of securities held in the Depository by me / us in the said beneficiary owner
account shall vest in the event of my / our death.
I/We do not wish to make a nomination
Name of the Nominee
(Mr./Ms.)
Relationship with the
Applicant (if any)
Address of Nominee
Pin Code
Date of Birth
(in case of minor)
D
D
M M
Y
Y
Y
Y
Signature of
Nominee
Name of Guardian
(Mr./Ms.)
(in case Nominee is a minor)
Address of Guardian
Pin Code
Signature of Guardian
Photograph
of Nominee
Photograph of
Guardian
(in case of minor)
Signature of
Nominee
across
Photograph
Signature of
Guardian across
Photograph
Signature of two Witnesses
Name
1.
Address
Signature with date
2.
(To be signed by the applicant only in case of nomination)
(Sole/First Holder)
(Second Holder)
(Third Holder)
Notes :
1.
All communication shall be sent at the address of the Sole/First holder only.
2.
Thumb impressions and signatures other than English or Hindi or any of the other language not contained in the 8th
Schedule of the Constitution of India must be attested by a Magistrate or a Notary Public or a Special Executive Magistrate.
3.
As per NSDL Circular No. NSDL/PI/2004/1622 dated September 7, 2004 pursuant to SEBI Circular No. MRD/DoP/
Dep/Cir-29/2004 dated August 24, 2004 a copy of any one of the following documents may be accepted as proof of
identity / proof of address (local/correspondence/foreign address as the case may be):
Proof of Identity: Passport, Voter ID Card, Driving license, PAN card with photograph, Identity card/document with
applicant’s Photo, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c)
Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions, f) Colleges affiliated to
Universities, g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and h) Credit cards/
Debit cards issued by Banks.
Proof of Address: Ration card, Passport, Voter ID Card, Driving license, Bank passbook, verified copies of Electricity
bills (not more than two months old)/ Residence Telephone bills (not more than two months old)/ Leave and License
agreement / Agreement for sale, Self-declaration by High Court & Supreme Court judges, giving the new address in
respect of their own accounts, Identity card/document with address, issued by a) Central/State Government and its
Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e)
Public Financial Institutions, f) Colleges affiliated to universities; and g) Professional Bodies such as ICAI, ICWAI, Bar
Council etc., to their Members.
Participants must verify the copy of the document with the original.
4.
Instructions related to nomination, are as below:
I.
The nomination can be made only by individuals holding beneficiary owner accounts on their own behalf singly or
jointly. Non- individuals including society, trust, body corporate, partnership firm, karta of Hindu Undivided
Family, holder of power of attorney cannot nominate. If the account is held jointly all joint holders will sign the
nomination form.
II.
A minor can be nominated. In that event, the name and address of the Guardian of the minor nominee shall be
provided by the beneficial owner.
III. The Nominee shall not be a trust, society, body corporate, partnership firm, karta of Hindu Undivided Family or a
power of Attorney holder. A non-resident Indian can be a Nominee, subject to the exchange controls in force, from
time to time.
IV.
Nomination in respect of the beneficiary owner account stands rescinded upon closure of the beneficiary owner
account. Similarly, the nomination in respect of the securities shall stand terminated upon transfer of the securities.
V.
Transfer of securities in favour of a Nominee shall be valid discharge by the depository against the legal heir.
VI.
The cancellation of nomination can be made by individuals only holding beneficiary owner accounts on their own
behalf singly or jointly by the same persons who made the original nomination. Non- individuals including society,
trust, body corporate, partnership firm, karta of Hindu Undivided Family, holder of power of attorney cannot
cancel the nomination. If the beneficiary owner account is held jointly, all joint holders will sign the cancellation
form.
VII.
On cancellation of the nomination, the nomination shall stand rescinded and the depository shall not be under any
obligation to transfer the securities in favour of the Nominee.
5.
Strike off whichever is not applicable.
======================================================================
Acknowledgement
Participant Name, Address & DP ID
Received the application from Mr/Ms___________________________ as the sole/first holder alongwith
_____________________________ and _______________________________ as the second and third
holders respectively for opening of a depository account. Your Client ID will be intimated to you shortly.
Please quote the DP ID & Client ID allotted to you in all your future correspondence.
Date : _________________
Participant Stamp & Signature
Rights and Obligations of Beneficial Owner and Depository Participant as
prescribed by SEBI and Depositories
General Clause
1. The Beneficial Owner and the Depository participant (DP) shall be bound by the
provisions of the Depositories Act, 1996, SEBI (Depositories and Participants)
Regulations, 1996, Rules and Regulations of Securities and Exchange Board of India
(SEBI), Circulars/Notifications/Guidelines issued there under, Bye Laws and Business
Rules/Operating Instructions issued by the Depositories and relevant notifications of
Government Authorities as may be in force from time to time.
2. The DP shall open/activate demat account of a beneficial owner in the depository system
only after receipt of complete Account opening form, KYC and supporting documents as
specified by SEBI from time to time.
Beneficial Owner information
3. The DP shall maintain all the details of the beneficial owner(s) as mentioned in the
account opening form, supporting documents submitted by them and/or any other
information pertaining to the beneficial owner confidentially and shall not disclose the
same to any person except as required by any statutory, legal or regulatory authority in
this regard.
4. The Beneficial Owner shall immediately notify the DP in writing, if there is any change
in details provided in the account opening form as submitted to the DP at the time of
opening the demat account or furnished to the DP from time to time.
Fees/Charges/Tariff
5. The Beneficial Owner shall pay such charges to the DP for the purpose of holding and
transfer of securities in dematerialized form and for availing depository services as may
be agreed to from time to time between the DP and the Beneficial Owner as set out in the
Tariff Sheet provided by the DP. It may be informed to the Beneficial Owner that "no
charges are payable for opening of demat accounts”
6. In case of Basic Services Demat Accounts, the DP shall adhere to the charge structure as
laid down under the relevant SEBI and/or Depository circulars/directions/notifications
issued from time to time.
7. The DP shall not increase any charges/tariff agreed upon unless it has given a notice in
writing of not less than thirty days to the Beneficial Owner regarding the same.
Dematerialization
8. The Beneficial Owner shall have the right to get the securities, which have been admitted
on the Depositories, dematerialized in the form and manner laid down under the Bye
Laws, Business Rules and Operating Instructions of the depositories.
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Separate Accounts
9. The DP shall open separate accounts in the name of each of the beneficial owners and
securities of each beneficial owner shall be segregated and shall not be mixed up with the
securities of other beneficial owners and/or DP’s own securities held in dematerialized
form.
10. The DP shall not facilitate the Beneficial Owner to create or permit any pledge and /or
hypothecation or any other interest or encumbrance over all or any of such securities
submitted for dematerialization and/or held in demat account except in the form and
manner prescribed in the Depositories Act, 1996, SEBI (Depositories and Participants)
Regulations, 1996 and Bye-Laws/Operating Instructions/Business Rules of the
Depositories.
Transfer of Securities
11. The DP shall effect transfer to and from the demat accounts of the Beneficial Owner only
on the basis of an order, instruction, direction or mandate duly authorized by the
Beneficial Owner and the DP shall maintain the original documents and the audit trail of
such authorizations.
12. The Beneficial Owner reserves the right to give standing instructions with regard to the
crediting of securities in his demat account and the DP shall act according to such
instructions.
Statement of account
13. The DP shall provide statements of accounts to the beneficial owner in such form and
manner and at such time as agreed with the Beneficial Owner and as specified by
SEBI/depository in this regard.
14. However, if there is no transaction in the demat account, or if the balance has become Nil
during the year, the DP shall send one physical statement of holding annually to such BOs
and shall resume sending the transaction statement as and when there is a transaction in
the account.
15. The DP may provide the services of issuing the statement of demat accounts in an
electronic mode if the Beneficial Owner so desires. The DP will furnish to the Beneficial
Owner the statement of demat accounts under its digital signature, as governed under the
Information Technology Act, 2000. However if the DP does not have the facility of
providing the statement of demat account in the electronic mode, then the Participant
shall be obliged to forward the statement of demat accounts in physical form.
16. In case of Basic Services Demat Accounts, the DP shall send the transaction statements as
mandated by SEBI and/or Depository from time to time.
Manner of Closure of Demat account
17. The DP shall have the right to close the demat account of the Beneficial Owner, for any
reasons whatsoever, provided the DP has given a notice in writing of not less than thirty
days to the Beneficial Owner as well as to the Depository. Similarly, the Beneficial
Owner shall have the right to close his/her demat account held with the DP provided no
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charges are payable by him/her to the DP. In such an event, the Beneficial Owner shall
specify whether the balances in their demat account should be transferred to another
demat account of the Beneficial Owner held with another DP or to rematerialize the
security balances held.
18. Based on the instructions of the Beneficial Owner, the DP shall initiate the procedure for
transferring such security balances or rematerialize such security balances within a period
of thirty days as per procedure specified from time to time by the depository. Provided
further, closure of demat account shall not affect the rights, liabilities and obligations of
either the Beneficial Owner or the DP and shall continue to bind the parties to their
satisfactory completion.
Default in payment of charges
19. In event of Beneficial Owner committing a default in the payment of any amount
provided in Clause 5 & 6 within a period of thirty days from the date of demand, without
prejudice to the right of the DP to close the demat account of the Beneficial Owner, the
DP may charge interest at a rate as specified by the Depository from time to time for the
period of such default.
20. In case the Beneficial Owner has failed to make the payment of any of the amounts as
provided in Clause 5&6 specified above, the DP after giving two days notice to the
Beneficial Owner shall have the right to stop processing of instructions of the Beneficial
Owner till such time he makes the payment along with interest, if any.
Liability of the Depository
21. As per Section 16 of Depositories Act, 1996,
1. Without prejudice to the provisions of any other law for the time being in force,
any loss caused to the beneficial owner due to the negligence of the depository or
the participant, the depository shall indemnify such beneficial owner.
2. Where the loss due to the negligence of the participant under Clause (1) above, is
indemnified by the depository, the depository shall have the right to recover the
same from such participant.
Freezing/ Defreezing of accounts
22. The Beneficial Owner may exercise the right to freeze/defreeze his/her demat account
maintained with the DP in accordance with the procedure and subject to the restrictions
laid down under the Bye Laws and Business Rules/Operating Instructions.
23. The DP or the Depository shall have the right to freeze/defreeze the accounts of the
Beneficial Owners on receipt of instructions received from any regulator or court or any
statutory authority.
Redressal of Investor grievance
24. The DP shall redress all grievances of the Beneficial Owner against the DP within a
period of thirty days from the date of receipt of the complaint.
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Authorized representative
25. If the Beneficial Owner is a body corporate or a legal entity, it shall, along with the
account opening form, furnish to the DP, a list of officials authorized by it, who shall
represent and interact on its behalf with the Participant. Any change in such list including
additions, deletions or alterations thereto shall be forthwith communicated to the
Participant.
Law and Jurisdiction
26. In addition to the specific rights set out in this document, the DP and the Beneficial owner
shall be entitled to exercise any other rights which the DP or the Beneficial Owner may
have under the Rules, Bye Laws and Regulations of the respective Depository in which
the demat account is opened and circulars/notices issued there under or Rules and
Regulations of SEBI.
27. The provisions of this document shall always be subject to Government notification, any
rules, regulations, guidelines and circulars/ notices issued by SEBI and Rules,
Regulations and Bye-laws of the relevant Depository, where the Beneficial Owner
maintains his/ her account, that may be in force from time to time.
28. The Beneficial Owner and the DP shall abide by the arbitration and conciliation
procedure prescribed under the Bye-laws of the depository and that such procedure shall
be applicable to any disputes between the DP and the Beneficial Owner.
29. Words and expressions which are used in this document but which are not defined herein
shall unless the context otherwise requires, have the same meanings as assigned thereto in
the Rules, Bye-laws and Regulations and circulars/notices issued there under by the
depository and /or SEBI
30. Any changes in the rights and obligations which are specified by SEBI/Depositories shall
also be brought to the notice of the clients at once.
31. If the rights and obligations of the parties hereto are altered by virtue of change in Rules
and regulations of SEBI or Bye-laws, Rules and Regulations of the relevant Depository,
where the Beneficial Owner maintains his/her account, such changes shall be deemed to
have been incorporated herein in modification of the rights and obligations of the parties
mentioned in this document.
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